ADNTAdient plc
Motor Vehicle Parts & Accessories
- Revenue
- $14.5B
- 1.0% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- $1.3B
- Employees
- 65,000
- $224K revenue each
- Net debt / EBITDA
- —
- $1.5B net debt
- AI in 10-K
- 2.1
- mentions per 10K words
Takeover score 2 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo—Cash flow under 80% of net income
- Dilutive SBCNo0% of revenueOver 10% of revenue
- Payouts exceed cash flowNo28% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo20% of assetsOver 40% of assets
- Shareholder dissentNo94% lowest supportAny vote under 80% support
Buyer economics 2 of 4
- Low revenue per employeeYes$224K · 17th pctBottom quartile of its SIC industry
- Quiet on AINo2.1 per 10K words · 56th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedYes$1.3B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo−$716K netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $13.7B | $14.1B | $15.4B | $14.7B | $14.5B | 1.0% |
| Net income | $1.1B | −$120M | $205M | $18M | −$281M | 1661% |
| Operating cash flow | $260M | $274M | $667M | $543M | $449M | 17% |
| Capex | $260M | $227M | $252M | $266M | $245M | 7.9% |
| Stock-based comp | $36M | $29M | $34M | $31M | $32M | 3.2% |
| Buybacks | $0 | $0 | $65M | $275M | $125M | 55% |
| Dividends | $0 | — | — | — | — |
Deal filings
None.
13D filers
| Filed | Filer | Form | Stake | Intent |
|---|---|---|---|---|
| May 6, 2020 | Blue Harbour Group, L.P. | SC 13D/A | 4.4% | Passive |
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $716K · 4
- Net
- −$716K
Pay vs performance
No pay-versus-performance disclosure yet.